For 2014,the Maximum Annual Contribution to a Simplified Employee Pension

question 84

Multiple Choice

For 2014,the maximum annual contribution to a Simplified Employee Pension (SEP) plan for an employee under the age of 50 is:

• A) $5,000
• B) $12,000
• C) $17,500
• D) $52,000

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Definitions:

Healthy Individuals

Persons who are in a state of physical, mental, and social well-being, not merely the absence of disease or infirmity.

Positive Feedback

A process where a change in a variable triggers mechanisms that amplify that change.

Negative Feedback

A control system where a trigger produces a contrary effect to sustain an optimal state of the regulated subject.

Healthy Individuals

Persons having a state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity.